New Zealand’s $350 million retirement fund exposes portfolio to Bitcoin

by Aurelia Butler 26 March 2021, 23:00 129 Views

The scheme is operated by the wealth management firm New Zealand Funds Management. As of December 2020, KiwiSaver had $350 million under its management. A five percent exposure could therefore be around $17.5 million.

James Grigor, CIO of NZ Funds Management claimed that Bitcoin can no longer be ignored. He said:

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Source: Cryptocurrency - investing.com

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New Zealand’s $350 million retirement fund exposes portfolio to Bitcoin

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Dr. Vin Gupta slams Covid reopening policies of Arizona, Florida and Texas

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